19
Nov
13:41
Chinese rebar prices slow decline on futures support
The Chinese rebar market slowed its downward trend last week, and a rebound in the futures market added some positive sentiment to the spot market, Kallanish notes.
In Shanghai on Friday afternoon, 20mm HRB400 rebar was trading at CNY 4,600-4,620/tonne ($720-723/t), down CNY 60/t from the previous Friday. On the Shanghai Futures Exchange on Friday, the January 2022 rebar contract closed at CNY 4,285/t, up CNY 116/t compared with Thurs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous